New Markets Tax Credit NMTC Eligibility

Rows highlighed in green help indicate eligibility and specific indicators of why a tract may qualify.

Qualified

Qualifies On MFI Criteria Less Or Equal 80%

Qualifies On Poverty Criteria Greater Than 20%

Primary Criteria for NMTC Severely Distressed

The table below lists contains a breakdown of supporting figures necessary to determine if Census Tract 189 is eligible.

Severely Distressed

Qualifies On MFI Criteria (at or below 60%) at 54.9%

Poverty criteria greater than 30% at 40.5%

Unemployment rate was at least 1.5 times the national unemployment rate in the period of 2006-2010 at 19.0%

Tract is in a metropolitan area.

Secondary Criteria for NMTC Severely Distressed

Meeting the NMTC Severely Distressed Secondary Criteria is based on whether or not a given Census tract meets basic NMTC Eligibility,
plus two of the following factors:

meeting NMTC Heavy Distress requirements

being located within:

an SBA Designated HUB Zone

a Medically Underserved Area (MUA)

a Census tract within which a Brownfield is located

a HOPE VI Redevelopment Area

a Federal Native Area

an Appalachian Regional Commission or Delta Regional Authority Area

a Colonias Area

a State or Local Economic Zone (such as TIF or KOZ)

ERS/USDA Food Desert

Please note that the information in this section do not take into account the following, due to timing or unavailability of data:
Brownfields, HOPE VI Redevelopment Areas, Federal Native Areas, Colonias Areas, State or Local Economic Zones, and FEMA Disaster Areas.

Severely Distressed

Qualifies on median family income (MFI) criteria (at or below 60%) at 54.9%

Poverty criteria greater than 30% at 40.5%

Unemployment rate was at least 1.5 times the national unemployment rate in the period of 2006-2010 at 19.0%

Tract is in a metropolitan area.

Description

Value

Tract Legal Name

Census Tract 189 (Full FIPS: 12095018900)

CDFI Fund New Markets Tax Credit NMTC Eligibility

Qualified

To be eligible may have either (1) Median Family Income at or below 80% of Area Median Income (AMI) in the period of 2006-2010 or (2) Poverty Rate of 20% or greater in the period of 2006-2010.

Census Tracts can alco competitively qualify for NMTC if it also meets Severely Distressed criteria.

*Data in this report is supplied by the 2010 Census, USDA, American Community Survey, and the Bureau of Labor Statistics.

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Disclaimer

ReinID works to maintain the accuracy of its reporting data and makes no guarantees that any census tracts will be accepted under the New Markets Tax Credit program. The report is only intended to present supporting data as it is presented by our sources.
We urge you to contact us or the CDFI Fund or for additional assistance.

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